Archana is a resident of Beed and is a hardworking woman who has been animal husbandry business for the last 5 years. Archana is hoping to increase her income. She needs a loan to buy a buffalo. When the buffalo produces a new calf; she will be able to sell the calf and reinvest the profits into her business. Also selling milk to the dairy will add to her income. With this loan, Archana will be able to build a stable future for her family.
Archana is an agripreneur who works 7 hours a day for 7 days a week. With this loan Archana will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Archana Panchal has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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